Shares of Seagate Technology (STX) fell sharply on Monday after comments from CEO Dave Mosley raised investor concerns that the company may struggle to keep pace with surging artificial-intelligence-related demand for data storage solutions. Seagate shares dropped roughly 7% during trading after Mosley discussed the company’s manufacturing strategy at the JPMorgan Global Technology, Media and… Continue reading Seagate stock slides 7% as AI demand sparks capacity fears
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Regeneron stock drops double digits on oncology trial failure
Shares of Regeneron Pharmaceuticals (REGN) fell about 12% on Monday, making the biotech company the worst-performing stock in the S&P 500 after its experimental melanoma treatment failed a pivotal late-stage clinical trial. The sharp selloff followed Regeneron’s announcement that its high-dose fianlimab and cemiplimab combination failed to significantly outperform Merck’s Keytruda in a Phase 3… Continue reading Regeneron stock drops double digits on oncology trial failure
Why is Micron stock falling 7% today?
Shares of Micron Technology (MU) fell sharply on Monday as investors weighed the impact of potential labor disruptions at rival Samsung Electronics and broader questions surrounding the future of memory-chip demand in the artificial intelligence market. Micron stock dropped more than 7% by midday trading, extending losses after a 6.6% decline on Friday. If losses… Continue reading Why is Micron stock falling 7% today?
Elon Musk loses OpenAI lawsuit as Jury backs Sam Altman
A California court delivered a major legal setback to Elon Musk after a jury rejected his claims against Sam Altman and OpenAI, dealing a blow to the billionaire’s effort to challenge the AI company’s transition into a for-profit business. After less than two hours of deliberation, nine jurors unanimously concluded that Musk’s claims involving breach… Continue reading Elon Musk loses OpenAI lawsuit as Jury backs Sam Altman
Why are Trump’s rare earth stocks crashing today?
US rare earth miners are seeing immense pressure today (May 18) due to a combination of cooling global commodity prices, geopolitical headline shifts, and company-specific supply-side risks. MP Materials (MP) and USA Rare Earth (USAR) – two of them in which the Trump administration holds direct equity stakes are each down more than 10% at… Continue reading Why are Trump’s rare earth stocks crashing today?
HIVE stock soars on AI announcement but gains may be short-lived
HIVE Digital (HIVE) ripped higher on Monday after announcing a plan to set up a C$3.5 billion ($2.55 billion) artificial intelligence (AI) gigafactory in Toronto. This mega-facility will draw roughly 320 megawatts of utility power – and is designed to host more than 100,000 specialized, high-performance GPUs upon completion. At its intraday peak on Monday,… Continue reading HIVE stock soars on AI announcement but gains may be short-lived
Why Nvidia stock is down around 1.5% today
Shares of Nvidia (NVDA) slipped Monday as investors paused following the stock’s recent rally and turned their attention to the chipmaker’s earnings report later this week. The stock fell roughly 1.5% to around $222.97 in morning trading after dropping 4.4% on Friday, interrupting a powerful multi-session advance that had pushed shares to record highs. The… Continue reading Why Nvidia stock is down around 1.5% today
Why is Netflix stock beating the broader market today?
Shares of Netflix (NFLX) gained roughly 2% on Monday, bucking broader market weakness after Bank of America reiterated its bullish outlook on the streaming giant and maintained a $125 price target on the stock. The move came even as Netflix shares remain down roughly 25% over the past year, with investors continuing to debate whether… Continue reading Why is Netflix stock beating the broader market today?
Why Tesla stock is down around 2% on Monday
Shares of Tesla (TSLA) fell around 2% early Monday as investors reacted negatively to the company’s surprise decision to raise prices on some of its top-selling vehicles. The stock dropped to roughly $410.50 after already sliding 4.75% on Friday, extending a pullback that interrupted Tesla’s recent rally tied to optimism around autonomous driving and China… Continue reading Why Tesla stock is down around 2% on Monday
